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00:00CONGRESSWOMAN THANKS SO MUCH FOR JOINING US TODAY. I WANT TO START WITH A LETTER THAT YOU SENT TO FINANCIAL SERVICES TRADE GROUPS REGARDING THE APPOINTMENT OF STEVE BANNON AS PRESIDENT-ELECT DONALD TRUMP'S STRATEGIC ADVISOR. YOU MENTIONED THAT AS LEADERS IN THE BUSINESS COMMUNITY, THESE LEADERS SHOULD HAVE MORE OBLIGATION TO SPEAK OUT AGAINST HIS APPOINTMENT AND YOU ADDRESSED THIS LETTER TO THE AMERICAN BANKERS ASSOCIATION, NATIONAL ASSOCIATION OF FEDERAL CREDIT UNIONS, A LONG LIST OF RECIPIENTS. WHAT HAS BEEN THE RESPONSE? REP. WATERS: WE HAVE NOT GOTTEN A RESPONSE YET. IT IS EARLY. WE JUST SENT IT OUT, I THINK ABOUT 24, MAYBE 48 HOURS AGO. BUT YES, WE DID SEND THE LETTER OUT BECAUSE WE THINK EVERYONE HAS A RESPONSIBILITY TO DEAL WITH THIS ISSUE OF INCLUSIVENESS. WE ARE VERY MUCH AFRAID OF WHAT WE SEE HAPPENING WITH THIS POSSIBLE NEW ADMINISTRATION, WITH DONALD TRUMP, AND SOME OF THE PEOPLE THAT HE IS APPOINTING, LIKE BANNON. WE WANT TO MAKE SURE THAT THE INDUSTRY, MANY OF WHOM HAVE BEEN WORKING VERY HARD TO CREATE DIVERSITY, WE DON'T WANT TO SEE THAT STOPPED. WE DON'T WANT TO SEE A SLOWDOWN. WE WANT PEOPLE TO JOIN IN WITH SUPPORTING THE IDEA THAT WE SHOULD HAVE OPPORTUNITIES FOR ALL OF THE PEOPLE IN OUR SOCIETY WHO ARE CAPABLE, WHO ARE COMPETENT, WHO WANT TO WORK. AND WE ARE ASKING THEM TO JOIN WITH US IN SENDING THIS MESSAGE. SCARLET: BEFORE WE KNEW OF THE ELECTION OUTCOME, I WONDER IF YOU HAD ANY INKLING OF PEOPLE'S THOUGHTS ON THE CAMPAIGN AND HOW THE PRESIDENT-ELECT WAS RUNNING HIS CAMPAIGN. ANY DISCUSSION ON THAT LEVEL? REP. WATERS: WE HAVE HAD A LOT OF DISCUSSION FROM ALL QUARTERS ABOUT THE CAMPAIGN AND ABOUT THE WAY THAT THE CANDIDATES WERE CONDUCTING THEMSELVES. AS A MATTER OF FACT, DONALD TRUMP SENT A SHOCKWAVE THROUGH MANY COMMUNITIES IN THE WAY THAT HE TALKED, IN THE WAY THAT HE CALLED NAMES, IN THE WAY THAT HE INSULTED FOLKS. I AND MANY OTHERS HAD NEVER SEEN ANYTHING LIKE THIS BEFORE FROM A PRESIDENTIAL CANDIDATE. AND YES, THERE HAS BEEN A LOT OF DISCUSSION ABOUT THAT, AND OF COURSE, SINCE HE IS NOW THE PRESIDENT-ELECT, WE ARE WONDERING IF THIS IS GOING TO CONTINUE. IF THIS NEW PRESIDENT WILL BE THE SAME PERSON THAT HE WAS DURING THE CAMPAIGN, USING THE SAME KIND OF LANGUAGE, MOCKING AND MIMICKING THE DISABLED, TALKING BADLY ABOUT WOMEN, CALLING PEOPLE NAMES SUCH AS HE CALLED HILLARY CROOKED AND HE CALLED SOME OF THE OTHER CANDIDATES, EVEN REPUBLICAN ONES, LIARS, MANY NAMES. AND SO, YES, THERE HAS BEEN A LOT OF CONVERSATION ABOUT THIS CAMPAIGN, ABOUT BOTH CANDIDATES, BUT PARTICULARLY ABOUT DONALD TRUMP. JOE: THE MOVE TO STOP BAND A-- BANNON, KEEP HIM OUT OF THE WHITE HOUSE, -- WITH THIS LETTER HAVE YOU BEEN ABLE TO GENERATE INTEREST WITH GROUPS YOU HAVE TALKED TO AROUND THIS PARTICULAR GOAL? REP. WATERS: WE HAVE NOT GOTTEN RESPONSES BACK IN YET. THERE IS A LOT OF INTEREST FROM THE TELEPHONE CALLS WE ARE GETTING FROM VARIOUS INDIVIDUALS AND GROUPS. IN LOS ANGELES, WE HAD OVER 8000 PEOPLE A FEW NIGHTS AGO. MOSTLY TALKED ABOUT BANNON AND THE FACT THAT THE PRESIDENT SHOULD NOT HAVE INCLUDED HIM IN HIS ADMINISTRATION. AND NOW THAT HE HAS, HE SHOULD GET RID OF HIM, HE SHOULD REVERSE HIMSELF. THIS IS GOING TO BE A CONVERSATION THAT WILL GO ON FOR A WHILE UNTIL WE DRIVE HIM OUT. THERE IS, I BELIEVE, A REAL COMMITMENT BY MANY INDIVIDUALS AND ORGANIZATIONS TO INFLUENCE DONALD TRUMP AND HAVE HIM REVERSE HIMSELF ON THIS DECISION. I'M LOOKING FORWARD TO GETTING THE RESPONSES FROM THE BUSINESS COMMUNITY, FROM ALL OF THOSE ORGANIZATIONS AND BUSINESSES THAT I'VE CONTACTED. I DON'T HAVE IT YET BUT I WOULD BE HAPPY TO SHARE IT AS SOON AS WE GET COMING IN. JOE: I WANT TO ASK BIGGER PICTURE ABOUT STRATEGY. WHEN BARACK OBAMA CAME INTO THE WHITE HOUSE, REPUBLICANS DECIDED EARLY ON THAT THE BEST STRATEGY WAS COMPLETE OPPOSITION TO HIM. THERE WAS VERY LITTLE MOMENT OF BIPARTISANSHIP OR ANYTHING LIKE THAT. WHAT DO YOU THINK IS THE BEST STRATEGY FROM DEMOCRATS, IN THE MINORITY IN CONGRESS? DO YOU THINK IT MAKES SENSE FOR DEMOCRATS TO FIND OPPORTUNITIES TO WORK TOGETHER WITH TRUMP OR WOULD IT BE BETTER TO COMPLETELY REJECT HIM AND SHOW HE IS UNACCEPTABLE? REP. WATERS: YOU ARE ABSOLUTELY CORRECT ABOUT WHAT HAPPENED WHEN PRESIDENT OBAMA WAS ELECTED AND HOW THEY STRATEGIZED TO STOP HIM AND BLOCK HIM FROM BEING ABLE TO ACCOMPLISH ANYTHING. I BELIEVE THAT WE DON'T KNOW WHO DONALD TRUMP IS. WE DON'T KNOW THIS MAN, WHO CHANGES HIS OPINION FROM DAY TO DAY, WHO INDICATES THAT HE IS GOING TO, FOR EXAMPLE, SUPPORT SOCIAL SECURITY AND MEDICARE, NOT GOING TO CUT IT, AND THE NEXT THING WE SEE IS HIM TALKING ABOUT MODERNIZING, MODERNIZATION OF MEDICARE, WHICH BASICALLY MEANS PRIVATIZING CUTS AND OTHER KINDS OF THINGS. WE DON'T KNOW WHO WE ARE DEALING WITH IT AT THIS POINT, WHAT I'M SAYING IS WE HAVE A RESPONSIBILITY TO EDUCATE THE PUBLIC ABOUT WHAT HE IS SAYING, THE CONTRADICTIONS, WHAT HE IS DOING, ALL THE PUBLIC POLICY ASSOCIATED WITH THAT. I AM NOT URGING PEOPLE TO GO TO WORK WITH SOMEBODY WE DON'T KNOW WHEN UNDERSTAND -- KNOW AND UNDERSTAND. SCARLET: CONGRESSWOMAN WATERS, ONE FINAL QUESTION. THE DODD-FRANK LAW HAS 21 PAGES, A LOT OF IT IS UNWORKABLE ACCORDING TO COMP LIMENTERS AND CRITICS. IS THERE ANYTHING TO BE IMPROVED UPON? REP. WATERS: DODD-FRANK IS THE LAW OF THE LAND AND WE HAVE A RESPONSIBILITY TO IMPLEMENT IT. I'VE WORKED WITH THE OTHER SIDE OF THE AISLE ON A FEW CHANGES AND MODIFICATIONS IN DODD-FRANK. BUT THE BASIC LAW IS WHAT TRUMP WANTS TO GET RID OF. HE WANTS TO KILL IT. I'M NOT FOR THAT. I BELIEVE WE ARE GOING TO CONTINUE OUR STRUGGLE TO MAKE SURE WE IMPLEMENT A GOOD LAW THAT WILL TAKE CARE OF OUR CONSUMERS, THAT WILL REIGN IN WALL STREET, AND NOT ALLOW THE KINDS OF ABUSES THAT HAVE BEEN DONE IN THE PAST TO CONTINUE.

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